Goldman Sachs
3,030 hedge funds and large institutions have $193B invested in Goldman Sachs in 2025 Q4 according to their latest regulatory filings, with 439 funds opening new positions, 1,153 increasing their positions, 1,021 reducing their positions, and 100 closing their positions.
339% more first-time investments, than exits
New positions opened: 439 | Existing positions closed: 100
35% more funds holding in top 10
Funds holding in top 10: 102 → 138 (+36)
13% more repeat investments, than reductions
Existing positions increased: 1,153 | Existing positions reduced: 1,021
12% more capital invested
Capital invested by funds: $172B → $193B (+$20.9B)
10% more funds holding
Funds holding: 2,746 → 3,030 (+284)
1.79% more ownership
Funds ownership: 71.4% → 73.19% (+1.8%)
14% less call options, than puts
Call options by funds: $11.5B | Put options by funds: $13.5B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$715M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$392M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$342M |
| 4 |
State Street
Boston,
Massachusetts
|
+$322M |
| 5 |
Jennison Associates
New York
|
+$320M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
-$407M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$398M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$354M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$344M |
| 5 |
Lazard Asset Management
New York
|
-$254M |
GS Hedge Fund Activity: Q4 2025 in Review
3,030 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs (GS) for Q4 2025, worth a combined $193B — up 12% from $172B a quarter earlier.
Buyers outnumbered sellers: 439 funds opened new GS positions and 100 closed out — a net gain of 339 holders — while 1,153 added to existing stakes and 1,021 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $715M. The largest seller was Dodge & Cox, cutting an estimated $407M.
- 3,030 institutional investors held Goldman Sachs (GS) as of Q4 2025, up from 2,746 in Q3 2025.
- Funds reported $193B of Goldman Sachs stock for Q4 2025, up 12% quarter-over-quarter.
- 439 funds opened new Goldman Sachs positions in Q4 2025 and 100 closed out, a net change of +339 holders.
- The largest Goldman Sachs buyer in Q4 2025 was JP Morgan Chase, an estimated $715M added.
- The largest Goldman Sachs seller in Q4 2025 was Dodge & Cox, an estimated $407M sold.
Based on aggregated 13F filings for Q4 2025.